Description
Sampling is often identified as a common audit deficiency in peer review. This course will review when is sampling applicable and basics of planning a sample. We'll then focus on the application of sampling in financial statement audits with a look at sampling for substantive procedures. We'll look at the use of monetary unit sampling and tools that can be leveraged to reduce bias in sampling.
- Delivery Format: Live Webcast Replay
Designed For
Accounting professionals
Objectives
- Identify when a procedure requires sampling
- Recall key elements of a sampling plan
- Recognize proper application of AU-C 530 for tests of details
- Perform MUS sampling
Highlights
- Sampling
- Monetary Unit Sampling
Advanced Prep
None
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Leaders
ACPEN Panel
No Biography Available